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February 28, 2025CANADA GDP BY INDUSTRY, DECEMBER AND ANNUAL 2024 Month-over-month (December 2024 vs November 2024)
Real Gross Domestic Product (GDP) in Canada grew 0.2% in December following a decline of 0.2% in November 2024.


Real GDP in Canada's goods producing industries grew 0.3% from November to December 2024.

Real GDP in Canada's services-producing industries was up 0.2% from November to December 2024.

In December 2024, 11 industries reported higher real GDP compared to the previous month. Among broad industries, monthly GDP declines were fastest for management of companies, manufacturing and wholesale trade. The largest gains were reported for utilities and retail trade.

Annual (2024 vs 2023)
The Canadian economy was 1.6% larger in 2024 when compared to 2023.
Real GDP from goods producing industries grew 0.1% as growth in resource industries offset declines in construction, utilities and manufacturing.
Real GDP from services-producing industries was up 2.2% with gains in most industries. Annual real GDP declines were in company management (though this is a small industry) and administrative/support/call centres. The strongest increases were in education, health care and social assistance and transportation and warehousing.

Source: Statistics Canada, Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)
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